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NatWest Stock Drops 4.3%
After Releasing Earnings

By

Nicholas Bray Staff Reporter of The Wall Street Journal

Updated Aug. 6, 1997 12:01 a.m. ET

LONDON -- News of lackluster first-half results sent National Westminster Bank PLC's share price tumbling 4.3%, despite promises from top executives of an improved performance, including a higher return on equity, next year.

Group pretax profits from continuing operations fell 13% to 671 million pounds ($1.09 billion), from 775 million pounds a year earlier. The latest results included a charge of 106 million pounds related to finance...